Einsteinium EMC2 is a cryptocoin that has been created to support science. In March, 2014, the first block was made available for mining.

“The Einsteinium Foundation was created to help, in any small way it can, raise funding for cutting edge scientific research. To this aim we created Einsteinium, a new cryptocurrency, to gather funds that can be distributed to projects the community chooses. Combined with donations from the community at large we will help fund some of the most innovative projects currently under-way or help seed those waiting to start.”, said the statement published on cryptocointalk.com.

Speaking to The Daily Dot (dailydot.com), the foundation has commented that funding for scientific research has fallen drastically in the recent years. Therefore, their idea is to consider various nominations of “worthy” projects and put them up for a general vote. The winner of the monthly poll then gets the proceeds for the respective month, explained The Daily Dot.

Development process

Einsteinium`s source code is available at GitHub (https://github.com/einsteinium/einsteinium). Developers work in their own three before submitting pull requests.

“The patch will be accepted if there is broad consensus that it is a good thing. Developers should expect to rework and resubmit patches if the code doesn’t match the project’s coding conventions (see doc/coding.txt) or are controversial.”, reads on github.com.